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TotalEnergies set to restart massive Mozambican natural gas project following assurances on security

  • Mozambique's president says the Cabo Delgado region, the site of the project, is now safe for operations to resume.
  • The $20 billion liquefied natural gas project was halted in 2021 due to attacks by insurgents that threatened the safety of workers.
  • TotalEnergies owns a 26.5% stake in the project and appointed an expert to assess the human rights situation before deciding to restart.
  • A restart of the project depends on TotalEnergies receiving guarantees about security and human rights protections in Cabo Delgado.
  • Delays in the project have slowed economic growth forecasts for Mozambique.
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